Platform Company definition

Platform Company means any Operating Company (including, for the avoidance of doubt, any Wholly-Owned Operating Company) in the life science sector or related technology field and focused on the development and commercialization of specific drug products or enabling technologies, and in which a Loan Party has made and maintains an Investment (whether by capital contribution, the acquisition of the Equity Interests thereof or in connection with a joint venture, corporate collaboration or similar corporate structure) in accordance with the terms of this Agreement, its Organizational Documents and consistent in all material respects with such Loan Party’s past practices, including each such Person in which a Loan Party has made or maintains an Investment as of the Closing Date identified on Schedule 1 hereto and excluding each such Person identified on Schedule 1 hereto under the designation “No” as a Platform Company.

Platform Company means any Operating Company in the life science sector and focused on the development and commercialization of products, and in which a Borrower has made an Investment (whether by capital contribution, the acquisition of the Equity Interests thereof or in connection with a joint venture, corporate collaboration or similar corporate structure) in accordance with the terms of this Agreement, its Organizational Documents and consistent in all material respect with past practices, including each Operating Company in which Borrower maintains an Investment as of the Closing Date.

Platform Company means any Operating Company in the life science sector and focused on the development and commercialization of products, and in which a Borrower has made an Investment (whether by capital contribution, the acquisition of the Equity Interests thereof or in connection with a joint venture, corporate collaboration or similar corporate structure) in accordance with the terms of this Agreement, its Organizational Documents and consistent in all material respect with past practices, including each Operating Company in which Borrower maintains an Investment as of the Closing Date; provided that no Restricted Foreign Subsidiary shall constitute a Platform Company. Notwithstanding the foregoing or any other provision to the contrary, upon the effectiveness of any Joinder Agreements as required under Section 7.13(c), only PellePharm and Eidos shall be each considered a “Platform Company” under this Agreement and the other Loan Documents, and all other Subsidiaries upon the effectiveness of the Joinder Agreements as required under Section 7.13(c), shall be considered “Qualified Subsidiaries” under this Agreement and the other Loan Documents.

Examples of Platform Company in a sentence

• As of the Closing Date, Schedule 1 sets forth a true, correct and complete list of the Investments made or maintained by the Parent in a Platform Company and the Equity Interests owned, directly or indirectly, by the Parent in a Platform Company.

• Notwithstanding anything to the contrary herein, Loan Parties shall not be required to violate or limit any rights under any provision of any Platform Company Transaction Document and may freely fund any Platform Company pursuant to the terms of the Platform Company Transaction Documents, in a manner generally consistent with the Business Strategy.

• No Loan Party shall permit any Indirect RDTI Subsidiary to be a Platform Company unless such Loan Party causes the Equity Interests of Indirect RDTI Subsidiary to be pledged as Collateral pursuant to documentation in form and substance reasonably satisfactory to the Agent.

• Each Loan Party’s Investment in a Platform Company is owned directly by a Loan Party (and not through a subsidiary of such Loan Party, or any other Person).

• Agent agrees, on behalf of itself and Lender, that if any Platform Company is consummating an initial public offering of its stock or any relevant follow on offering, that Agent shall enter into lockup or similar agreements reasonably requested by Parent or any underwriter with respect to Agent’s exercise of remedies with respect to the Pledged Collateral constituting Equity Interests the Platform Company that is the issuer in such offering, in each case at the sole cost and expense of Parent.

More Definitions of Platform Company

Platform Company and “Platform Companies” have the meaning assigned in Section 11.2.

Platform Company means a company that offers under Section 403(b)(7) of the Internal Revenue Code of 1986, custodial accounts that hold only qualified non-annuity investment products issued and registered with TRS by a certified company.

Platform Company means any Operating Company in the life science sector and focused on the development and commercialization of products, and in which a Borrower has made an Investment (whether by capital contribution, the acquisition of the Equity Interests thereof or in connection with a joint venture, corporate collaboration or similar corporate structure) in accordance with the terms of this Agreement, its Organizational Documents and consistent in all material respect with past practices, including each Operating Company in which

Platform Company means any Operating Company in the life science sector and focused on the development and commercialization of products, and in which a Borrower has made an Investment (whether by capital contribution, the acquisition of the Equity Interests thereof or in connection with a joint venture, corporate collaboration or similar corporate structure) in accordance with the terms of this Agreement, its Organizational Documents and consistent in all material respect with past practices, including each Operating Company in which Borrower maintains an Investment as of the Closing Date; provided that no Restricted Foreign Subsidiary shall constitute a PlatformCompany. Notwithstanding the foregoing or any other provision to the contrary, upon the effectiveness of any Joinder Agreements as required under Section 7.13(c), only PellePharm shall be considered a “Platform Company” under this Agreement and the other Loan Documents, and all other Subsidiaries upon the effectiveness of the Joinder Agreements as required under Section 7.13(c), shall be considered “Qualified Subsidiaries” under this Agreement and the other Loan Documents.

Platform Company means any Portfolio Company that the General Partner in its sole discretion determines shall be the starting point for follow-on acquisitions made by the Partnership or such Portfolio Company, of other companies in the same industry or market space.

Platform Company means any entity in which the Company owns an equity interest, whether directly or indirectly.

Platform Company means eCon-Network platform linked with xxx.xXxx-Xxx.xxx.